https://www.taxtmi.com/caselaws?id=389171 The Tribunal held that the petitions were maintainable under Section 73(4) of the Companies Act, 2013, applying Sections 73 and 74 to deposits made before and after the Act's commencement. The petitioners were entitled to interest at 12/12.5% per annum from maturity till actual payment, following the Supreme Court's directive in Jaiprakash Associates. The Tribunal deemed the Supreme Court's decision binding, granting the petitioners similar relief. Consequently, the Tribunal ordered the respondent company to pay the prescribed interest within twelve weeks, with the option for the petitioners to seek recovery through court proceedings at the respondent's expense if the payment was not made promptly. en-us Fri, 13 Sep 2019 00:00:00 +0530 Mon, 02 Dec 2019 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389171 The Tribunal held that the petitions were maintainable under Section 73(4) of the Companies Act, 2013, applying Sections 73 and 74 to deposits made before and after the Act's commencement. The petitioners were entitled to interest at 12/12.5% per annum from maturity till actual payment, following the Supreme Court's directive in Jaiprakash Associates. The Tribunal deemed the Supreme Court's decision binding, granting the petitioners similar relief. Consequently, the Tribunal ordered the respondent company to pay the prescribed interest within twelve weeks, with the option for the petitioners to seek recovery through court proceedings at the respondent's expense if the payment was not made promptly. Case-Laws Companies Law Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389171